Huntsman (NYSE:HUN) Sets New 52-Week Low - What's Next?

Shares of Huntsman Co. (NYSE:HUN - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $18.65 and last traded at $18.67, with a volume of 52570 shares changing hands. The stock had previously closed at $19.07.

Analysts Set New Price Targets

HUN has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price target on shares of Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th. Finally, UBS Group lowered their price objective on Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Huntsman presently has a consensus rating of "Hold" and a consensus price target of $25.43.

Huntsman Stock Down 0.1 %

The business has a 50 day simple moving average of $21.15 and a 200 day simple moving average of $22.13. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -27.61 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83.

Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. Huntsman's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. As a group, equities analysts predict that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.25%. Huntsman's dividend payout ratio (DPR) is -144.93%.

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a filing with the SEC, which is available through this link. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Huntsman

A number of institutional investors and hedge funds have recently modified their holdings of HUN. Seven Eight Capital LP raised its holdings in Huntsman by 3.3% during the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company's stock worth $559,000 after purchasing an additional 795 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Huntsman by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company's stock valued at $951,000 after buying an additional 863 shares during the last quarter. Matrix Trust Co acquired a new stake in Huntsman during the 3rd quarter worth $25,000. Shayne & Jacobs LLC lifted its position in Huntsman by 1.2% in the third quarter. Shayne & Jacobs LLC now owns 94,316 shares of the basic materials company's stock valued at $2,282,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in Huntsman by 14.4% in the third quarter. Larson Financial Group LLC now owns 9,261 shares of the basic materials company's stock valued at $224,000 after acquiring an additional 1,163 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.